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May 25th, 2012 11:42 AM #11I actually want to sell it sana at eto ang pinakamaganda na option. The problem is that the car is under bank loan. Not sure how I can sell it in this situation. I don't have cash naman to pay off entire amount. Is there a way to sell it if it is currently under bank finance?
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May 25th, 2012 01:44 PM #13
OT: I can't seem to understand why you had to buy the car prior to leaving the country for a year? You could've just bought it after you came back and saved the car from a year's worth of devaulation.
BTT: Don't forget to lubricate the window channels and weather strips with silicone spray or grease. A light coat should be enough to prevent the windows and doors from sticking.
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May 25th, 2012 10:10 PM #14
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May 25th, 2012 10:13 PM #15Assume balance....my name would still be the one in the bank contract, right? so that means i am still liable. if the buyer default in payment, it is my record that will be compromised.
Or is there a legal process/document that can be followed to ensure that i am completely not liable even though my name is in the contract?
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May 25th, 2012 10:54 PM #16If you found yourself a deal regarding the sale of your car, have it done sa bank where you secured your car loan, they will know what to do.
Our experience with assuming the balance of a car, the seller pulled out his PDCs (post-dated check) from the bank and replaced it with our check (us personally handing it over to a bank/loan representative), with it also is the deed of sale. Kaya if ever may sumablay na monthly payment, yun naka pangalan na sa new checks ang mananagot.
The seller also provided us with an Authorization letter and Special Power of Atty (granting us power to secure the documents with regards to the car after finishing the loan).
But this was 4 years ago, ewan ko kung same pa rin ang process. Different banks do different things.
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May 27th, 2012 12:46 AM #17
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May 27th, 2012 08:32 AM #18Originally Posted by laserbim
Wala pakialam bank Sa buyer mo kahit meron kayong side contract na assume balance siya, ikaw kausap ng bank at hinde siya, they wil also not allow replacing your PDC cheques to that of your buyer.
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May 27th, 2012 11:46 AM #19
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May 27th, 2012 11:53 AM #20Originally Posted by Errol5
They probably allowed it but loan is still under the original applicant... So whaever happen to the loan the original party will and still answersle to the bank...
Puwede i try, 1. Palit air filter 2. Linis throttle body 3. Linis MAF sensor 4. Check spark...
high idle RPM at engine start